Porter's five forces model is the most popular tool for analyzing the level of competition in an industry. Considering your own industries, answer the following questions:
•Which are the primary sources of competitive intensity?
•Do you deal with powerful buyers or suppliers?
•Are there ready substitutes for your product, or is it unique?
•What is the potential for new entrants?
•Considering these factors, examine the degree of rivalry and the nature of competition in our industries and which factors are most significant.
Reflect on how the course material plays out in your organization or organizations with which you are familiar. In as much as this is a fairly large online class, try to be concise and parsimonious in your responses.
Remember also to reference the book and at least one additional scholarly resource in your initial posts to be eligible for maximum points.
Sample Solution